All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Hard Money Lenders Insurance Contractors Investment Companies Build Your Team

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowStarting OutArrowLooking for a rental property/turnkey in and around Leander TX
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Looking for a rental property/turnkey in and around Leander TX

1 Reply

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 7
  • Votes 5

Shriram Sharma

posted about 1 month ago

Hi, I'm new to REI and I'm looking to invest in rental properties in and around Leander TX. Since I'm OOS, I would appreciate if someone could answer my questions.

1. What are some good neighborhoods(zip codes) in Leander?

2. How soon a 3Bd 2Ba rents and what is the vacancy rate?

3. Can I expect to be cash-flow positive?

4. Can someone share a reference to a realtor and a PM that serves that area?

Thanks

Rotate Log in or sign up to reply
user profile avatar
  • Posts 278
  • Votes 239

Dan Burstain
Real Estate Agent from Austin, TX

replied about 1 month ago

1. What are some good neighborhoods(zip codes) in Leander?  Price point will dictate what neighborhoods in Leander you are looking in.  Overall, it is a very attractive, appreciating city with a lot going for it.  10-15 minutes to the new Apple campus.  Putting in a billion dollar lagoon area with shops and restaurants.  On the MetroRail to take you to downtown Austin in 25 min.

2. How soon a 3Bd 2Ba rents and what is the vacancy rate?  If you price it right it will rent quickly (within a week or two).  A good Realtor will help your vacancy rate be close to 2-3% but you can put in 5% to be conservative.

3. Can I expect to be cash-flow positive? Unlikely without a rehab project or putting more than 25% down. You certainly can cover your PITI and come close to breaking even but with great potential appreciation comes less cash flow. This is not speculation either. 40 years of data shows the economy here is setup to have reliable appreciation. Not to mention, lots of new jobs, jobs, jobs.

4. Can someone share a reference to a realtor and a PM that serves that area?  I sent you a message.

Rotate Log in or sign up to reply
  • 1
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Salvatore Lentini
Salvatore Lentini
Doylestown, PA
9.43
Score
Ciji Masser
Ciji Masser
Frederick MD
3.53
Score
Tre Irvin
Tre Irvin
Las Vegas, NV
2.56
Score
Jessica Piff
Jessica Piff
Churchville, MD
2.55
Score
Joe Villeneuve
Joe Villeneuve
Plymouth, MI
2.48
Score

Starting Out Trending Discussions

  • How do yall feel about buying a rental property all cash?
    12 Replies
  • So you want to become a real estate investor?
    184 Replies
  • PM red flags to watch for?
    9 Replies
  • Hard Money Down Payments
    4 Replies
  • House hacking a multi-family in Chicago, and Northwest Indiana
    5 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.